(MENAFN- KNN India) Recent amendments in Gujarat Solar Power Policy to help MSMEs cut down power costs: FOKIA
Gandhinagar, Sep 20 (KNN) The Gujarat government has recently announced changes in the 'Gujarat Solar Power Policy-2015' to ensure that the MSME sector is able to reap benefits of solar energy.
Announcing the move, Gujarat's Energy Minister, Saurabh Patel said, 'The cap on 50% load capacity has been removed for MSMEs in case of solar power generation."
With this, MSME units would be able to install 100% or even more capacity of solar panel. Additional power generated by these units would be purchased by state-owned electricity companies at Rs 1.75 per unit.
Announcing the ammendments in scheme, Chief Minister, Vijaya Rupani said this new initiative will offer a win-win situation for the MSME sector.
The government, however, said electricity duty and wheeling charges shall have to be paid by the MSME units as per the existing norms.
The state has decided to cover 8 lakh households by 2022 under the solar rooftop policy. The changes in the solar power policy of 2015 will encourage 33 lakh MSME units towards production and use of green and clean energy, said an official statement.
Welcoming the move, Managing Director of Federation of Kutch Industries Association (FOKIA), Nimish Phadke said the move will help MSME to cut down their power cost and will create new vertical for revenue generation, this will improve their financial stability.
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